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Carney constructs a mega anti-Trump trade alliance (www.politico.eu)

submitted 6 days ago by RandAlThor@lemmy.ca to c/canada@lemmy.ca

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cross-posted from: https://lemmy.ca/post/60523725

LONDON — Two of the world’s biggest trading blocs are cautiously eyeing closer ties to short-circuit Donald Trump’s tariffs.

The European Union and a 12-nation Indo-Pacific bloc are opening talks to explore proposals to form one of the largest global economic alliances, multiple people with knowledge of the talks told POLITICO.

Canada is spearheading the discussions after Prime Minister Mark Carney called on middle powers to buck trade war coercion last month, days after Trump threatened to raise tariffs on Denmark’s European allies if it didn’t cede Greenland.

Ottawa is “championing efforts to build a bridge between the Trans-Pacific Partnership [CPTPP] and the European Union, which would create a new trading bloc of 1.5 billion people,” Carney told world leaders and the global business elite in Davos.

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[-] DarylInCanada@lemmy.ca 5 points 6 days ago

The New World Order. It's not just about creating a trading bloc of 1.5 billion people. it is about creating a trading bloc of 1.5 billion people who are at the same standard of living as the average American. (And that does not even include the Indian or Chinese market). It is that last bit - the fact that the standard of living of 'the rest of the world' is now equivalent to the average American standard of living, PPP. America just has not got the memo - Americans are no longer the ONLY middle-income consumers, there are now billions of people in the world that are at the same level as the average American, in spending power PPP. In the last three decades or so, America has shifted from 'the ONLY market' to 'just a part of the global market'.